MonticelloAM provides $144M in bridge financing for a six-facility skilled nursing portfolio in Washington totaling 720 licensed beds.
MonticelloAM has closed on $144 million in financing for a portfolio of six skilled nursing facilities across Washington. The transaction consists of a $140 million bridge loan alongside a $4 million working capital line of credit, both carrying an initial term of 36 months.
The portfolio includes a total of 720 licensed beds. The identity of the borrower behind the healthcare assets remains undisclosed.
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